Today is one of those days where I get to say, “I told you so!” as much of Wall Street saw a furious rally for most stocks on the heels of positive COVID-19 vaccine news to start the week.
I’ve said many times that pending vaccine news and Phase 3 updates from the likes of Pfizer Inc. (NYSE: PFE), Moderna Inc. (Nasdaq: MRNA) and AstraZenica (Nasdaq: AZN) would radically change the stock market from pessimism to euphoria.
With Pfizer and BioNTech announcing positive results Monday morning, that’s exactly what happened. And I expect more of the same when other major players on the vaccine front make similar announcements.
But what are some other stocks to buy on vaccine news? That’s what I’m discussing today in my video below…
Before rushing in guns blazing, you must stifle your “FOMO” urge — your fear of missing out. The same old tech and this year’s work-from-home names might not be the best stocks to buy on vaccine news.
If you’re day trading, that’s probably OK. But if you’re looking to buy and hold, that’s the worst thing you can do right now. These stocks are largely yesterday’s news, and that’s why the Nasdaq actually fell 1.5% Monday while the Dow rose 3% and the S&P 500 1.2%.
You shouldn’t rush, but you shouldn’t be sitting on the sidelines either. For the past few weeks I’ve been beating the drum that the overall stock market doesn’t need a big tech rally to lead everything higher.
And that’s exactly what’s going to happen.
So check out my short video and let’s get into stocks to buy on vaccine news. What sectors are you looking at amid this vaccine news rally? Share your thoughts below.
P.S. The End of the U.S. Dollar?
With millions of people still out of work and the coronavirus raging on, the U.S. Federal Reserve is printing money at a record rate just to keep our economy afloat.
But with every stimulus dollar the Fed prints, the dollar in YOUR pocket loses value… until it’s on the verge of collapse.
That’s why big-time investors flood one safe-haven sector every time “fake money” is pumped into the economy.
They see the writing on the wall… and the inevitable pop of the “everything bubble” that’s backed by the U.S. dollar.
Don’t wait to prepare your portfolio for this oncoming currency crash. Take action today and invest in the one sector that’s safe from rising inflation.